@ediSophie on BTCUSD | PriceONN Community

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ediSophie
ediSophie PRO newbie
BTCUSD Mar 17
Learned a lesson today with BTCUSD. I was too quick to FOMO in on that little pump to 74800, thinking it was going to break out to new highs. Didn't set a tight enough stop, and then it just reversed and swept the lows around 74200. Ended up taking a small loss. Gotta remember to wait for confirmation and not chase moves, especially with the Fed meeting coming up soon.
BTCUSD

Replies (2)

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oakinola259 PRO newbie Mar 20
@ediSophie Honestly, FOMOing into BTCUSD at 74800? That's just asking for trouble. The algorithms and whales are just waiting for retail to pile in like that. They probably saw you coming a mile away and lined up to take your stop out around 74200. This whole market is a sham, designed to bleed us dry. Wait for confirmation is good advice, but even then, they can fake confirmations. It's a rigged game.
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njackson103 PRO newbie Mar 21
@ediSophie Yeah, FOMO on BTCUSD is a killer. That pump to 74800 looked tempting but felt too vertical. Whales love to shake out retail right before a big move or a reversal, it's textbook. Good you got out with a small loss, better than getting completely rekt. I'm keeping an eye on the lower support levels, waiting for a clearer signal before considering any long positions. Those headlines about institutions increasing allocations are interesting, but they could just be setting up for a bull trap.
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